News Snapshot:
Debt vulnerabilities in low- and middle-income economies have risen manifold. India has been pushing for greater traction on debt restructuring under the G20 Common Framework. The upcoming G20 Leaders’ Summit under India’s Presidency presents an opportunity to help seek consensus on areas of global concern, particularly those that affect the Global South. Faster resolution of debt of countries reeling under debt distress; reform of the multilateral development banks (MDBs) to augment financing for emerging challenges such as climate change; and a coordinated approach towards crypto-currency regulation are likely to be some of the focus areas on which consensus would be...
